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VC Mike Ghaffary's Obsession: Creating Middle-Class Jobs with AI

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3 hours ago

Summary

VC Mike Ghaffary joins Burst Capital to create good-paying jobs with AI. The firm aims to address job displacement concerns and provide vocational training for underserved communities.

Key Points

Burst Capital is a VC firm founded by former Yelp execs, focusing on creating middle-class jobs using AI.
Mike Ghaffary's new role at Burst Capital involves backing companies that create high-paying jobs in industries like industrial electricians and commercial plumbers.
The firm aims to address the gap in vocational training and provide affordable virtual or AI-enhanced training for millions of people at risk of being left behind.

Why It Matters

Addressing job displacement concerns and creating middle-class jobs with AI can have a significant impact on society, reducing unemployment rates and improving overall economic stability.

Author

Julie Bort

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